[Correction Notice: An erratum for this article was reported in Vol 119(2) of Psychological Review (see record 2012-06153-001). In the article, incorrect versions of figures 3 and 6 were included. Also, Table 8 should have included the following information in the table footnote "P(A V) = probability of acquittal given unanimous verdict." All…

This article contrasts 2 approaches to analyzing transitivity of preference and other behavioral properties in choice data. The approach of Regenwetter, Dana, and Davis-Stober (2011) assumes that on each choice, a decision maker samples randomly from a mixture of preference orders to determine whether "A" is preferred to "B." In contrast, Birnbaum…

This article develops a parsimonious descriptive model of individual choice and valuation in the kinds of experiments that constitute a substantial part of the literature relating to decision making under risk and uncertainty. It suggests that many of the best known "regularities" observed in those experiments may arise from a tendency for…

A quantum probability model is introduced and used to explain human probability judgment errors including the conjunction and disjunction fallacies, averaging effects, unpacking effects, and order effects on inference. On the one hand, quantum theory is similar to other categorization and memory models of cognition in that it relies on vector…

A decision field theory is proposed and used to explain motivational and cognitive mechanisms that guide the deliberation process involved in decisions made under uncertainty. Decision theories are extended into the stochastic-dynamic category. The proposed theory is compared with four other theories of decision making under uncertainty. (SLD)